Copley Equity Partners Invests in OBR Cooling Towers to Support Future Growth Initiatives
June 24 2024 - 5:12PM
Business Wire
Copley Equity Partners LLC (“Copley”), a private investment firm
focused on growing middle-market companies, today announced a
strategic investment in OBR Cooling Towers, Inc. and its portfolio
of companies (“OBR”). Philip Poll, President and Chief Executive
Officer of OBR, along with senior members of the OBR management
team, have retained majority ownership and will continue to lead
the combined business. Financial terms were not disclosed.
Founded in 1994, OBR is a leading provider of mission-critical
cooling tower services, including repair and rebuild, maintenance
and inspection, and new tower installation across the U.S.
Headquartered in Northwood, Ohio, OBR has over 250 employees and
serves a variety of end markets from its 8 offices. These markets
include semiconductor, data centers, water/wastewater, food and
agriculture, power generation, commercial, healthcare,
petrochemical, and refinery sectors.
Philip Poll, Chief Executive Officer of OBR, said, “We are very
excited to partner with Copley, which has deep experience
successfully growing and supporting middle-market companies. Our
core values have guided OBR since my father, Peter Poll, founded
the business in 1994, and Copley aligns well with those principles.
As we continue to focus on executing acquisitions, we welcome a
deal and sourcing team from Copley that, like OBR, has in-house
expertise in their respective trades.”
Vice President of Copley Equity, Sean Sullivan, commented, “We
are excited to partner with OBR and help them continue to execute
their acquisition strategies. We aim to create a leading,
vertically integrated cooling tower maintenance, repair, and
rebuild service provider with deep expertise in high downtime cost
industries, including semiconductor, manufacturing, education, food
& beverage, data centers, energy, and other industrial and
commercial end markets. Copley looks forward to working with the
OBR management team to invest in industry-leading talent, optimize
operational processes, and expand service offerings and geographic
footprint both organically and inorganically.”
To support OBR's growth strategy, Copley investment team members
Sean Sullivan and Sam Lampert will join the OBR Board of Directors
and serve as Board Observers.
ABOUT OBR COOLING TOWERS, INC.
Based in Northwood, Ohio, OBR Cooling Towers, Inc. is a leading
provider of mission-critical cooling tower services. OBR serves a
wide variety of blue-chip clients throughout the United States
across a broad set of industrial and commercial end markets where
the cost of downtime is high. Visit OBR Cooling Towers
(http://www.obrcoolingtowers.com).
ABOUT COPLEY EQUITY PARTNERS, LLC
Established in 2012, Copley is a private investment firm with
offices in Boston and Denver. Copley focuses on partnering with
growing, lower-middle-market private companies. The firm invests
out of an evergreen, single-family office capital base and is
comfortable in both majority and minority ownership positions.
Copley invests across various sectors to help businesses fuel
growth, manage risk, and create enduring value. Visit Copley Equity
Partners (http://www.copleyequity.com).
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Sam Lampert Copley Equity Partners (720) 234 2525
slampert@copleyequity.com
Adam McCool OBR Director of Marketing | Business Development
(614) 937-8358 amccool@obrcompanies.com